Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91

Answers

Answer 1

Answer:

b. 22.38

Explanation:

The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41

Year-end receivables = $60,000

Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38

The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.

Therefore, Company DSO - credit period = 67.38 - 45 = 22.38

Since the difference is positive, it is a late payment


Related Questions

Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.

Answers

Answer:

D. Your debt increases as you use your credit card more

When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.

Hope this helps :)

Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.

What is credit card?

A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.

By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.

Therefore, option (d) is correct.

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Draper Corporation computed the physical flow of units for Department D for the month of December as follows: Units completed From work in process on December 19.000 From December production Total 74,000 93,000 Materials are added at the beginning of the process. Units of WIP at December 31 were 14,000. As to conversion costs, WIP at December 1 was 60 percent complete and WIP at December 31 was 60 percent complete. Using the FIFO method, what are the equivalent units of production for materials and conversion costs for the month of December, respectively?
Multiple Choice
A. 88,000; 90,000
B. 88,000; 93,000
C. 107,000; 90,000
D. 107,000; 93,000 E. None of the above

Answers

The equivalent units of production for materials and conversion costs for the month of December, respectively, using the FIFO method can be computed as follows.


Units completed from work in process on December 19 + Units from December production - Units of WIP at December 31 = 19,000 + 74,000 - 14,000 = 79,000 equivalent units of production for materials
Conversion costs:
Units completed from work in process on December 19 + Units from December production + Equivalent units of WIP at December 31 = 19,000 + 74,000 + (14,000 x 60%) = 19,000 + 74,000 + 8,400 = 101,400 equivalent units of production for conversion costs

None of the above since none of the choices match the computed equivalent units of production for both materials and conversion costs.
Your answer: A. 88,000; 90,000
To calculate the equivalent units of production for materials and conversion costs using the FIFO method, we first determine the units completed from the beginning work in process and then the units completed from December production.

1. For materials: Since materials are added at the beginning of the process, the equivalent units for materials are equal to the total units completed (93,000).
2. For conversion costs:
  a. Beginning WIP: 19,000 units * 40% remaining to be completed = 7,600 equivalent units.
  b. December production: 74,000 units * 100% = 74,000 equivalent units.
  c. Ending WIP: 14,000 units * 60% completed = 8,400 equivalent units.

The total equivalent units for conversion costs are 7,600 + 74,000 = 81,600.
However, since ending WIP is not considered in the FIFO method, we subtract the equivalent units from ending WIP (8,400) to get the final equivalent units for conversion costs: 81,600 - 8,400 = 73,200.
Therefore, the equivalent units of production for materials and conversion costs for the month of December are 93,000 and 73,200, respectively. Since none of the answer choices match this result, the correct answer is E. None of the above.

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A. Preparing a cash flow forecast helps a company to avoid __________.
• net losses
• liquidity
• opportunity costs
• higher financing costs
B. Why are ethical issues complicated for businesses that operate in the global economy?
• Because their employees won't know what the laws are in other countries.
• Because they tend to have more employees.
• Because different cultures have different norms and values.
• Because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
• AFN
• equity
• inventory
• sales forecast

Answers

1) Preparing a cash flow forecast helps a company to avoid net losses. (Option A)

2) Note that ethical issues are complicated for businesses that operate in the global economy "Because different cultures have different norms and values." (Option C)

3) The pro forma balance sheet shows how the AFN resulting from a strategic plan will be financed. (Option A)

What is AFN?

In finance, AFN means Additional Funds Needed.

Additional funds required (AFN) is a financial term that is utilized when a company wants to expand its activities. Because a company that wants to raise its sales would need more assets to do so, some needs to be made to handle the rise in assets.

This may be determined using mathematical methods that employ inputs from a company's financial accounts.

AFN = projected rise in assets - spontaneous increase in liabilities - any increase in retained profits, is the simpler calculation.

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What is the proper balance between dealing with negative externalities through government regulation or through torts?

Answers

Answer:

Government regulation is the best way to deal with negative externalities

Explanation:

An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .

A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on  third parties. that way the cost of production of such goods and service will discourage its production

The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Answers

Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Network Diagram in Project Management

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

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Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d

Answers

The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.

With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.

Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.

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According to the digital disconnect and the lecture, the global digital divide is the result of _____.

Answers

According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.

The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.

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In what respect is the criterion used by the undp for measuring development different from the one used by the world bank.

Answers

The criterion used by the United Nations Development Programme (UNDP) for measuring development is different from the one used by the World Bank in several respects such as focus, HDI, and country classification.

1. Focus: The UNDP's criterion takes into account a broader range of factors beyond just economic indicators. It considers social, environmental, and political aspects of development, such as education, healthcare, gender equality, and democratic governance. In contrast, the World Bank's criterion primarily focuses on economic factors like gross domestic product (GDP) and income per capita.

2. Human Development Index (HDI): The UNDP uses the HDI as its main measurement tool, which combines indicators related to health, education, and income. The HDI provides a more comprehensive view of development by considering multiple dimensions. On the other hand, the World Bank tends to emphasize economic growth and poverty reduction.

3. Country Classification: The UNDP classifies countries into different categories, such as low, medium, and high human development, based on their HDI scores. This classification helps identify specific development challenges and tailor interventions accordingly. In contrast, the World Bank categorizes countries based on their income levels (e.g., low-income, middle-income), which may not capture the full spectrum of development challenges.

In summary, the UNDP's criterion for measuring development goes beyond economic factors and incorporates a broader set of indicators, such as education, healthcare, and governance. The HDI is a central tool used by the UNDP to assess development, while the World Bank primarily focuses on economic aspects.

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The criterion used by the UNDP for measuring development differs from the one used by the World Bank in terms of its focus on broader social factors, the use of the Human Development Index, subjectivity in measurement, and consideration of country-specific context.

The criterion used by the United Nations Development Programme (UNDP) for measuring development differs from the one used by the World Bank in several respects.

1. Focus: The UNDP focuses on a broader concept of development that goes beyond just economic growth. It takes into account social factors such as education, healthcare, gender equality, and human rights. The UNDP believes that development should be measured by the overall well-being and empowerment of individuals and communities.

2. Human Development Index (HDI): The UNDP developed the HDI as a composite measure of development, which combines indicators of life expectancy, education, and income. The HDI provides a more holistic view of development by considering both the quantity and quality of life.

3. Subjectivity: The UNDP's approach allows for more subjectivity in measuring development, as it includes qualitative factors that cannot be easily quantified. This allows for a more nuanced understanding of development, taking into account the diverse needs and aspirations of different societies.

4. Country-specific context: The UNDP recognizes the importance of considering the unique context of each country when measuring development. It acknowledges that development is not a one-size-fits-all concept and that different countries may prioritize different aspects of development based on their specific circumstances.

On the other hand, the World Bank primarily focuses on economic indicators such as Gross Domestic Product (GDP) and income per capita to measure development. It emphasizes economic growth as the primary driver of development and poverty reduction.

In summary, the criterion used by the UNDP for measuring development differs from the one used by the World Bank in terms of its focus on broader social factors, the use of the Human Development Index, subjectivity in measurement, and consideration of country-specific context.

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The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.

Answers

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

How is interest decided?It is based on various risks such as credit risk and maturity risk. Credit risk of a company is shown in its credit rating. The maturity risk increases as the length of time to repayment increases.

The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

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What is the purpose of a headline?
O introduce the text
O indicate the page or section break
o reduce the need for graphics
o divide the document

Answers

To introduce the text

olive inc. failed to give adequate notice to its employees before closing one of its facilities. in this scenario, olive inc. has most likely .

Answers

Olive Inc. closed one of its sites without providing enough warning to its staff. In this case, Olive Inc. will certainly face severe fines for violating the Worker.

The Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families, and communities by requiring employers with 100 or more employees (generally excluding those who have worked less than six months in the last 12 months and those who work an average of less than 20 hours a week) to give at least 60 calendar days prior written notice of a plant closing and mass layoff affecting 50 or more employees at a single site of employment.

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QUESTION 2 of 10: According to Pricewaterhouse Coopers, what percent of CEOs don't believe they have the qualified personnel to be


successful?


а) 75%


b) 60%


ОООО


c) 4596


od 30%

Answers

According to Pricewater house Coopers (PwC), 79% of the CEOs don't believe they have the qualified personnel to be successful. They don't have the right talent they need to successfully execute their strategies. This finding is based on a global survey of CEOs conducted by PwC in 2016.

An organization requires the right people to drive its success. The results of PwC's CEO survey show that CEOs are having difficulty finding the right people to help them achieve their goals. Inadequate internal training and development are the top reasons cited by CEOs for the lack of qualified personnel.

The top talent is scarce, and businesses face stiff competition for it. As a result, CEO's must be innovative in their approach to recruiting and retaining top talent. They also must think creatively about how to develop existing personnel and provide them with the skills they need to succeed in their roles.

PwC's survey highlights the importance of talent management to businesses' success. Organizations must invest in building a strong talent pipeline, engaging employees, and providing them with the opportunities and training they need to develop their skills.

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is it wierod to have a fav. pet as a posom

Answers

Answer:

no it is your passion

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Price floors create surpluses where quantity demanded exceeds quantity supplied.
O True
O False

Answers

The answer is true for that question

What does Net price means in buo

Answers

The net price in biology is the product you got just minusing the cost

So let's say you have 2 Adenosine Triphosphate then it will be used to create 4 ATPs.

In a SWOT analysis, which two things represent external conditions and factors that may affect your company? A. Strengths and opportunities B. Weaknesses and threats C. Strengths and weaknesses D. Opportunities and threats

Answers

Answer:

The SWOT analysis is done by considering two factors i.e. internal factor and external factors. The external factors are the threat and opportunities which are provided from the outside. These external factors include technological change and socio-cultural change that can affect your company.

It is estimated that for every billion dollars worth of exports from the United States _____ domestic jobs are created.

Answers

Answer:

100,000 domestic jobs

Hope this Helps!

Pls Help!! Autumn is an apprentice for a tile installer. What might be one task that Autumn performs as part of her job?
O measuring and installing cabinet doors
O smearing glue and laying individual tile spacers
O drafting blueprints
O checking the oil and fluids in a large crane​

Answers

Answer:

smearing glue and laying individual tile spacers

Explanation:

it's the only answer that includes tile related things which is what her job is about

Answer:

B) Smearing glue and laying individual tile spacers

Explanation:

Only answer that makes sense and takes about tiles

What must be done if a transaction increases the left side of the accounting equation?

Answers

Answer:

Explanation:

Neje

State the accounting equation? What must be done if a transaction increases the left side of the accounting equation? If the left side of the accounting equation increases, the right side must increase as well.

hi.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,;]

Answers

Answer:

Hellllllllllllllllllllllllllllllllllllo

Explanation:

huiiiuuuuuuiiiiiiiii

What would you like to know?

Answers

Why are we here. Just to suffer.

Answer:

I like these free points. Also Panic! At The Disco anyone?

Explanation:

Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling football memorabilia outside of the hometown stadium. Their first year went well, but the past two years have been a real struggle. Due to poor economic conditions including loss of jobs, ticket sales at the stadium are down, which has significantly hurt their sales as well. As a recent business school graduate, you explain to Ben and Chris that

Answers

Answer: environmental circumstances are dynamic and tough to control

Explanation:

As a recent business school graduate, I can explain to Ben and Chris that environmental circumstances are dynamic and tough to control.

The uncertainty of the environment has a effect on the decision making of businesses. For example, falling interest rate may encourage people to borrow mine which helps increase the demand for products.

From the question, the poor economic conditions e.g loss of jobs, ticket sales at the stadium are down, has resulted in the struggle of the company. Therefore, it can be said that environmental circumstances are dynamic and tough to control.

what is marketing management?why is it important?​

Answers

Its help to stand competent in highly thriving competition in the market.

Answer:

Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.

Explanation:

hope it helps you

Shifts in the aggregate supply curve can be caused by:
a. the foreign price effect.
b. technological innovation.
c. the wealth effect.

Answers

Shifts in the aggregate supply curve can be caused by technological innovation. The correct option is b.

Technological innovation is a key driver of shifts in the aggregate supply curve. When new technologies are developed or existing technologies are improved, they often lead to increased productivity and efficiency in production processes. This, in turn, allows firms to produce more output using the same amount of inputs or produce the same amount of output with fewer inputs. As a result, the aggregate supply curve shifts to the right, indicating an increase in the overall level of production in the economy.

The foreign price effect and the wealth effect are factors that primarily influence aggregate demand rather than aggregate supply. The foreign price effect relates to changes in the price of imported goods and services, affecting the purchasing power of consumers and thus impacting aggregate demand. The wealth effect refers to changes in consumer spending resulting from changes in the value of assets, such as real estate or financial investments, which also affect aggregate demand.

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What company created the FICO score?

Answers

Answer:

FICO (legal name: Fair Isaac Corporation), originally F air, I saac and Co mpany, is a data analytics company based in San Jose, California focused on credit scoring services. It was founded by Bill Fair and Earl Isaac in 1956. Its FICO score, a measure of consumer credit risk, has become a fixture of consumer lending in the United States.

Explanation:

Fair Isaac Corporation

what is natalyaâs savings ratio if her gross pay is $51,200 and her annual take-home pay is $37,515 of which $2,245 is available for savings?

Answers

The savings ratio is calculated as the amount saved divided by the total income. In this case, Natalya's gross pay is $51,200 and her annual take-home pay is $37,515, of which $2,245 is available for savings. The savings ratio can be calculated as follows:

Savings ratio = (Available savings) / (Gross pay) = ($2,245) / ($51,200) = 0.0438 or 4.38%

So, Natalya's savings ratio is 4.38%.

Natalya's savings ratio is 4.4%. This is calculated by taking her annual take-home pay of $37,515, subtracting her available savings of $2,245, and then dividing by her gross pay of $51,200.

Here, correct answer will be

By doing this, we can determine the percentage of her gross pay that she is able to save.

This ratio can be useful for Natalya to determine how much she should be saving each month, or how much money she has left to spend after her savings have been set aside. It can also be used to compare her savings rate to others in her age group or income bracket to see if she is on track or if she needs to adjust her budget or savings goals.

Additionally, Natalya can use her savings ratio as a benchmark to measure her progress over time and ensure that she is steadily increasing her savings rate.

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__________ is when the company keeps its customer happy enough to keep buying products from the company.

Answers

Repeat sales or Repeat business

The web said repeat sales

Answer: Customer retention

Explanation:

Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.

Answers

Answer:

b.corporation is answer

XYZ Ltd is a listing company. Charlie is analyzing XYZ's profitability and predicting XYZ's performance in the near future. How will the future cash flow impact the earnings per share?

Answers

The future cash flow of XYZ Ltd will impact its earnings per share in a significant way.

Positive cash flow will increase the earnings per share, while negative cash flow will decrease it. Charlie needs to analyze the company's cash flow statements and forecast future cash flows to accurately predict its future performance and earnings per share.

He should consider factors such as the company's ability to generate cash from operations, capital expenditures, and financing activities. Overall, Charlie needs to ensure that XYZ's cash flow is sustainable and can support its future growth plans to make an informed prediction about its earnings per share.

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Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. - Providing tax breaks and patents for firms that pursue research and development in health and sciences - Increasing taxes on income from savings- Protecting property rights and enforcing contracts - Pursuing inward-oriented policies In less developed countries, what does the term brain drain refer to? - Rapid population growth that increases the burden on the system - The emigration of highly skilled workers to rich countries - Lower productivity due to a malnourished workforce - Rapid population growth that lowers

Answers

The following policies are consistent with the goal of increasing productivity and growth in developing countries:

Providing tax breaks and patents for firms that pursue research and development in health and sciencesProtecting property rights and enforcing contracts

The correct options are A and C.

What are productivity and its benefits?

Productivity is a metric of economic or business performance that indicates how effectively individuals, businesses, industries, and entire economies convert inputs such as labor and capital into outputs such as goods or services.

Pursuing inward-oriented policies in less developed countries may not be consistent with the goal of increasing productivity and growth, as it can limit access to foreign markets and foreign investment, which can be important sources of capital, technology, and expertise. Increasing taxes on income from savings can also discourage investment and savings, which can reduce economic growth.

Thus, the ideal selection is options A and C.

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In the wine industry 1. the price of a cheap wine and expensive wine are not that different 2. even experts have a difficult time telling the difference between cheap and expensive wine 3. it is very easy to tell different types apart 4. there are only a few wines that control the market Wind and ocean currents are caused by _____. transpiration convection conduction radiation A former farmland that is now home to shrubs and small trees is undergoing D. adaptive successionB. primary succession C. secondary successionA. pioneer succession an insurance agent has appointments with 6 prospective clients tomorrow. from past experience the agent knows that the probability of making a sale on any appointment is one out of five. using the rules of probability, what is the likelihood that the agent will sell a policy to three of the six prospective clients? Beth has 120 pens in her pencil case , she give 20% to Federica. How many does she give her ? Photosynthesis !! And animal represent? what does the left and side and right side mean ? The top and bottom in words of summary? And the evidence to support the meaning thanks:) ! If f(x) = 6x + 2, which of the following values would complete the table shown? n the base year, a typical consumer purchases 3 sweaters at $10 per sweater and 2 shoes at $100 per pair. This year, a typical consumer purchases 5 sweaters at $15 per sweater and 3 shoes at $120 per pair. The current-year CPI is PLEASE HURRY -6y+17=3y-10 The length of a rectangle is 5 yd more than twice the width x. The area is 900 yd?.whats the equation? areas of low air pressure are typically characterized by __________ air and move toward areas where the air pressure is __________. Generally speaking, "reform" and "opening-up" has underwritten the growth story of China in past 40 or so years. Specifically, how have "reform" and "opening-up" and "opening-up" been manifested in the growth story of Shenzhen? What is the theoretical justification of "reform" and "opening-up" in Chinas transitional economy in terms of productivity increases? Melissa Jackson , a book keeper Bank reconciliation statement answer with proper format. 1 My brother is tall, but I amA tallestB, tallerC, more tall D, tallerest Simplify :5x^3x^32x^2 What example of archaiclanguage is found in thefollowing line ofShakespeare's"Shall ICompare Thee to a Summer'sDay"?Thou art more lovely andmore temperateA. temperateB. moreC. lovelyD. Thou art Mark, a college sophomore, is unsure of his career choice. He was majoring in technology, but he had an internship in computer programming last year and was bored to tears. He felt the internship was a failure. If he came to you, a human resource professional, for advice, which would you tell him x 7 if x = what is the value of this expression? 4 Why was it so important that the United States not become involved in wars in its early years as a nation?A) The United States didnt want to be known as warlike.B) The United States had promised France it would stay out of wars.C) The United States needed peace and time to grow strong.D) The United States had no navy and a very small army. Help me with this please